Netflix, Inc. $NFLX Holdings Boosted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,550 shares of the Internet television network’s stock after purchasing an additional 7,885 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Netflix were worth $3,169,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American Capital Advisory LLC raised its position in shares of Netflix by 0.8% during the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock worth $1,345,000 after acquiring an additional 109 shares during the last quarter. CWS Financial Advisors LLC lifted its stake in shares of Netflix by 3.2% during the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network’s stock valued at $347,000 after acquiring an additional 112 shares during the period. Warner Group LLC boosted its holdings in Netflix by 2.2% in the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock valued at $503,000 after acquiring an additional 114 shares during the last quarter. Financial Avengers Inc. boosted its holdings in Netflix by 9.8% in the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock valued at $124,000 after acquiring an additional 115 shares during the last quarter. Finally, PAX Financial Group LLC boosted its holdings in Netflix by 2.5% in the first quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 116 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 3.4%

NFLX traded up $2.38 during midday trading on Thursday, reaching $72.95. 22,748,929 shares of the company were exchanged, compared to its average volume of 42,164,242. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $303.75 billion, a P/E ratio of 22.98, a PEG ratio of 0.99 and a beta of 1.62. The stock’s 50-day simple moving average is $75.27 and its 200 day simple moving average is $80.87. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same period last year, the company posted $0.72 EPS. Netflix’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage of Netflix (NFLX) with a Buy rating and an $85 price target, implying meaningful upside from recent levels. The analyst’s endorsement may be supporting the shares ahead of earnings. Netflix stock gets bullish analyst call ahead of next week’s earnings
• Positive Sentiment: Netflix secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra. The deal could increase viewing engagement, strengthen the company’s sports offering and support subscriber retention, although its financial impact is not yet clear. Netflix lands 2030 World Cup rights
• Neutral Sentiment: Wall Street is focusing on projections for revenue, earnings and key operating metrics for the September 2026 quarter. The estimates raise the risk of a volatile reaction when Netflix reports, particularly if management provides weaker engagement or guidance. Netflix Q3 earnings estimates
• Negative Sentiment: Netflix plans to eliminate roughly 1,000 jobs, or 6% of its workforce, its largest reduction since 2022. Management says the cuts will improve discipline and redirect resources, but investors view the move as evidence of slowing growth and intensifying competition. Netflix laying off roughly 6% of its workforce
• Negative Sentiment: Third-party data reportedly showed a 16.6% increase in U.S. app churn, alongside declining viewing time. These trends threaten subscriber retention and engagement just before the earnings report. Netflix U.S. app churn warning
• Negative Sentiment: Analyst sentiment has become mixed to bearish: KeyCorp issued a pessimistic forecast, Erste Group lowered earnings estimates, and Huber Research downgraded the stock to Sell. The concerns center on weaker growth, rising content costs and margin pressure.

Insider Transactions at Netflix

In other news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 720 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the completion of the transaction, the director directly owned 2,460 shares of the company’s stock, valued at $185,164.20. This trade represents a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 179,045 shares of company stock valued at $13,132,194. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. KGI Securities cut Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Friday, July 17th. UBS Group cut their target price on shares of Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 target price (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. Robert W. Baird set a $90.00 price target on shares of Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, HSBC downgraded shares of Netflix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $96.00 to $76.00 in a research note on Tuesday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.41.

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.